Brit Insurance
Brit shareholders set to accept new Apollo bid
Brit Insurance shareholders are expected to accept a renewed offer to buy it outright from Apollo Management, after the investment company secured the backing of CVC Partners.
Lancashire Insurance Company appoints head of underwriting
Lancashire Insurance Company Limited, the Bermuda operating subsidiary of Lancashire Holdings Limited, has announced the appointment of Simon Fascione to the position of head of underwriting reporting to Charles Mathias the chief underwriting officer.
Fitch places Brit on Rating Watch Negative
Fitch Ratings has placed Brit Insurance's Insurer Financial Strength rating of 'A' on Rating Watch Negative.
Apollo and CVC make new offer for Brit
Brit Insurance has received a new offer of £10.75 per share on cash from a consortium consisting of Apollo Management and funds advised by CVC Capital Partners.
Apollo and CVC make new offer for Brit
Brit Insurance has received a new offer of £10.75 per share on cash from a consortium consisting of Apollo Management and funds advised by CVC Capital Partners.
Brit global markets unit promotes trio
Brit Insurance has made new appointments within its global markets strategic business unit.
Postscript - five years ago: Brit pleased by Ashes success
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 5 years ago reveals.
BIS Countdown - finance raising: Back on the menu
With only a week to go before the inaugural British Insurance Summit, Seb Kafetz explains how the appetite for financing insurance ventures is alive and well despite continued economic turbulence.
Report finds "convergence" between Lloyd's and Bermuda markets
Lloyd’s and Bermuda represent distinct and different approaches to underwriting, but that their work practices and risk evaluation methods are showing signs of convergence.
Brit appoints reinsurance underwriting director
Brit Insurance has announced the appointment of Richard Carver to the role of underwriting director at its reinsurance strategic business unit.
Brit appoints two in Glasgow
Brit Insurance has boosted boosts Glasgow operations with property & combined hires.
Post in print - 26 August 2010
Post senior reporter Leigh Jackson outlines the main news from this week's issue of Post.
Long chase for true Brit
Little more than a month ago I mused on the vacant position of UK chief executive at Brit Insurance, as the insurer looked to replace Peter Burrows.
Cox plans to build on Burrows' legacy
New Brit Insurance UK chief executive Ray Cox has insisted he will not "rest on his laurels" following his promotion from divisional underwriting director.
Tim Grant to quit Brit for Dual
Brit Insurance's head of distribution Tim Grant is leaving to join Dual Corporate Risks.
Brit appoints Ray Cox as UK CEO
Brit Insurance has confirmed Ray Cox will succeed Peter Burrows as the chief executive officer of its UK Strategic Business Unit.
Interview - Stewart McCulloch: Sticking to his knitting
The new CEO of Garwyn talks to Mairi MacDonald about getting the loss adjuster back on track by sticking to its core strengths while expanding its regional focus.
Lucas Fettes launches new classic car scheme
The new classic car scheme introduced by Lucas Fettes is underwritten by Brit Insurance.
Brit raids Zurich for new finance chief Scott Egan
Scott Egan is to take over as Brit Insurance's group chief financial officer.
Brit CEO: shareholders are key, not my own future
Brit Insurance has boosted profits and reduced its overall book, in what is expected to be its last set of results before its sale to Apollo Management.
Brit cuts UK private motor book by 60% as it reports £72.8m profit
Brit Insurance this morning reported that profit before tax excluding the effect of foreign exchange on non-monetary items increased by 12.2% to £72.8m for the first six months of 2010 (30 June 2009: £64.9m). It recorded a profit before tax of £77.5m (30…
Brit opens books to PE house as Apollo ups bid to £10.75 a share
Brit Insurance today confirmed that private equity house Apollo has submitted a revised indicative proposal to acquire the entire issued and to be issued ordinary share capital of the company at a price of £10.75 per share in cash.
Lloyd's & London market: Bargain hunt
It looks like investors searching for a piece of the action in Lloyd's can pick up a bargain right now, as depressed share prices shine a light on profitable businesses trading at a discount to their net asset value. Ralph Savage investigates whether a…
Brit cuts UK private motor book by 60% as it reports £72.8m profit
Brit Insurance this morning reported that profit before tax excluding the effect of foreign exchange on non-monetary items increased by 12.2% to £72.8m for the first six months of 2010 (30 June 2009: £64.9m). It recorded a profit before tax of £77.5m (30…